The founder of the crypto bank Galaxy Digital, Mike Novogratz, said in an interview with Bloomberg Television that he bought Facebook shares to capitalize on the growth of the cryptocurrency.
The investor expects the release of Facebook’s Novi digital wallet in the second quarter of 2021.
“As soon as this happens, 2.4 billion people will connect to the cryptocurrency sphere,” Novogratz explained.
Earlier, the investor said that the capitalization of bitcoin will inevitably reach and exceed the total market value of gold.
In February, Novogratz predicted the growth of the first cryptocurrency to $ 100,000 by the end of 2021.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.